Rug Radio Faces of Web3

Several prominent Web3 accounts on X (formerly Twitter) have experienced recent disruptions: - PumpFun and Alon's accounts were successfully restored on June 18, 2025 - Multiple other community accounts remain in suspended status - Previous incident: December 16, 2024 account compromise was resolved *Current Status*: Partial restoration of affected accounts, with ongoing suspensions for some community members. **Note**: This situation continues to develop and may require monitoring for further updates.

The Federal Reserve has maintained its steady course on monetary policy, keeping interest rates unchanged at 4.25% to 4.50%. This marks the third consecutive decision to hold rates stable, following similar votes in March 2025. The Fed's consistent approach suggests confidence in current economic conditions while maintaining vigilance on inflation targets. - Current rate range: 4.25-4.50% - Previous decision: March 2025 - Status: Unchanged *This continues the Fed's cautious stance on monetary policy adjustments in 2025.*

The Federal Open Market Committee (FOMC) press conference is scheduled for live broadcast. Fed Chair Jerome Powell will provide insights into U.S. central bank policy direction. - Key focus will be on future monetary policy guidance - Market participants await potential signals about interest rate decisions - Press conference follows recent FOMC meeting deliberations *Watch the live stream to stay informed about crucial economic policy developments that could impact markets.*

Coinbase has launched USDC payment integration with Shopify, marking a significant step in mainstream crypto adoption. The feature is currently available to select early access stores. Key features: - 24/7 borderless payment capabilities - Reduced transaction costs - Fiat offramp options - Future programmable rewards system The integration is powered by Stripe and operates on the Base network. Merchants worldwide will soon have access to this payment solution, with the Coinbase Shop already implementing USDC checkout functionality.

Music NFTs continue to evolve in the digital landscape with several key developments: - Major labels are increasingly adopting NFT technology for music distribution - Independent artists report 40% higher earnings through direct NFT sales - New platforms emerging that combine streaming with NFT ownership rights The integration between traditional music platforms and blockchain technology is accelerating. Artists now have more control over their work through smart contracts. *Notable changes*: - Improved royalty tracking systems - Enhanced fan engagement metrics - Simplified minting process for creators **Key Takeaway**: The music NFT space is maturing with practical infrastructure rather than speculative hype. [Learn more about music NFTs](https://web3musicguide.com)

Key developments in the crypto space today: - BTC dips slightly to $104.2K amid broader 1-2% market decline - GENIUS Act clears Senate hurdle, marking significant regulatory progress - JPMorgan advances crypto adoption with task force meeting and JPMD pilot on Base - Coinbase seeks SEC approval for tokenized stock trading platform - Israeli hackers claim $81.7M from Iranian exchange Nobitex - Corporate treasury moves: DDC Enterprise ($528M BTC buy), Eyenovia ($50M HYPE acquisition) - New launches: PAWSE debuts at $70M FDV, Kraken's INK token airdrop announced - EigenLayer secures $70M from a16z for EigenCloud launch *Notable token movements*: USELESS surges to $92M post-Coindesk coverage, while PAWSE, RASMR, and USDUC show strong momentum.

The Genius Act has cleared a significant legislative hurdle, passing the Senate with a decisive 68-30 vote. This Republican-sponsored legislation demonstrated strong bipartisan support, surpassing the 60-vote threshold needed to overcome potential filibusters. Key points: - 68 Senators voted in favor - 30 Senators opposed - Bill now moves to House of Representatives for final congressional approval This follows the Act's successful procedural vote passage in May 2025, showing consistent momentum through the Senate process.

In an unexpected move, Tesla and SpaceX CEO Elon Musk has removed several tweets directed at former President Donald Trump and issued a formal apology. - Musk deleted multiple tweets that had criticized Trump's social media policies - A public statement of apology was posted on his official X (formerly Twitter) account - The move comes amid growing tensions between tech leaders and political figures The timing of this action has sparked discussions about the evolving relationship between social media platforms and political discourse.

Several leading technology and retail companies have indicated plans to explore cryptocurrency integration: - **Tech Giants**: Google, Apple, and Amazon are investigating blockchain solutions - **Travel & Transport**: Airbnb, Expedia, and Uber showing interest in crypto payments - **Retail**: Walmart exploring digital currency implementations - **Social Media**: X (formerly Twitter) continuing crypto expansion This widespread corporate interest suggests mainstream adoption of cryptocurrency solutions may be accelerating across multiple sectors. Each company appears to be developing unique approaches to blockchain integration.

The proposed GENIUS Act, which could pass next week, is drawing criticism from Senator Elizabeth Warren over potential privacy implications. The bill would enable U.S. organizations to issue federally-backed stablecoins. Key concerns: - Major corporations like Amazon, Walmart, and Expedia could issue their own stablecoins - Risk of purchase tracking and data exploitation by tech billionaires - Potential anti-competitive effects on the market Senator Warren specifically warns about risks from tech leaders like Musk, Bezos, and Zuckerberg entering the stablecoin space. Read more: [Full article on Decrypt](decrypt.co/325178/elizabeth-)